Tag: Westpac

One of the four biggest Australian banks is facing some huge challenges. Not only is Westpac accused of having breached anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, but it is now also dealing with a smattering of lawsuits.

Drugs, guns and $5m in laundered money are some of the key ingredients in a series of arrests made by Australian authorities to break up a criminal network.

Men run the Australian RegTech industry. A whooping 67% of the companies only have male leaders, according to new research from the Australian RegTech Association.

Westpac has appointed Promontory to conduct an external accountability and financial crime program review, following the bank’s numerous money laundering accusations.

Australian bank Westpac will see its CEO Brian Hartzer step down next week as the lender is facing money laundering and terrorism financing allegations.

One of Australia’s biggest banks could be facing massive fines after the country’s top financial accused it of breaking the law 23 million times.

Open banking platform Basiq has closed its Series A round on an undisclosed amount, following investments from NAB Ventures, Salesforce Ventures, and Westpac’s Reinventure.

Payment solution provider ZipMoney has completed a $40m strategic investment from Australian bank Westpac.

Australian bank Westpac is continuing to plough money into the region’s FinTech companies and investing $16.5m in online mortgage startup uno.

Australian bank Westpac is making use of its investment in DataRepublic, with the launch of a new service allowing corporate clients to store and exchange anonymised customer data.